Stablecoin

Ethereum

<a target="_blank" href="https://tokeninsight.com/en/exchanges/coinbase">Coinbase</a> announced it will add support for PayPal's stablecoin<a target="_blank" href="https://tokeninsight.com/en/coins/paypal-usd/overview"> $PYUSD</a> on the Ethereum network. Trading will begin on or after 9 am PT on 31 August 2023, if liquidity conditions are met.
PayPal announced the launch of $PYUSD earlier this month. Issued by Paxos, $PYUSD is fully backed by U.S. dollar deposits, short-term Treasurys, and similar cash equivalents. It's built on Ethereum and designed for digital payments and Web3.
Related: <a target="_blank" href="https://tokeninsight.com/en/news/paypal-launched-new-stablecoin-paypal-usd-issued-by-paxos">PayPal Launched New Stablecoin PayPal USD, Issued by Paxos</a>
<img src="https://s2.tokeninsight.com/static/calendar/img20230831084251a00bff9e-5891-4cda-a43b-25a5d6e90c8c.jpg">
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Coinbase to List PayPal's Stablecoin $PYUSD

TokenInsight

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